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Development Land | Downtown Core

$6,250,000

357 3rd St S, St. Petersburg, FL 33701

Active
Last Updated: 08/31/2026

3,706 sqft

Building Size

0.3444 acres

Lot Area

Details:
Building Size:    3,706 sqft
Lot Area:    0.3444 acres
Class:    B
Units:    1
Year Built:    1924
Floors:    2
Highlights:
  • Prime Downtown St. Pete Location
  • ±15,000 SF Development Site
  • DC-2 High-Intensity Zoning
  • Up to 7.0 FAR
  • ±105,000 SF Potential
  • Ideal for Residential or Hospitality
  • Mixed-Use Development Potential
  • 94 Walk Score | 90 Bike Score
  • 10+ Parks & Beaches Nearby
  • Blocks from Waldorf Astoria & Roche Bobois
  • Steps from St. Pete's Arts & Culture
  • 15-Minute Walk to Top Restaurants
  • Blocks from Central Ave Nightlife
  • Strong Surrounding Development Momentum
Description:

357 3rd St S presents a compelling development opportunity in the heart of Downtown St.​ Petersburg.​ The site offers immediate access to the city’s vibrant downtown core, surrounded by acclaimed restaurants, cafés, entertainment, waterfront parks, cultural attractions.​ .​The surrounding area is experiencing significant investment and transformation of luxury residential developments such as Roche Bobois and Waldorf Astoria sites.​

​DC-2 zoning: Designed for intense residential development or hospitality while allowing complementary retail, office and other supporting uses.​
​Up to 7.0 FAR: DC-2 provides a 3.0 base FAR, with the potential to reach 7.0 FAR through applicable bonuses/approvals.​
​Approximately 105,000 SF at 7.0 FAR: Based on the approximately 15,000-SF parcel, 7.0 FAR equates to roughly 105,000 SF of gross floor area before accounting for exclusions, design requirements, parking and other applicable regulations.​
​Residential-forward zoning: DC-2 specifically emphasizes multifamily residential development, making the site well suited for hotel/hospitality, condominiums, apartments or other multifamily concepts.​
​Mixed-use flexibility: Supporting retail, restaurants, services and office uses can be incorporated into qualifying projects.​
idential development or hospitality while allowing complementary retail, office and other supporting uses.​

357 3rd St S presents a compelling development opportunity in the heart of Downtown St.​ Petersburg.​ The site offers immediate access to the city’s vibrant downtown core, surrounded by acclaimed restaurants, cafés, entertainment, waterfront parks, cultural attractions.​ .​The surrounding area is experiencing significant investment and transformation of luxury residential developments such as Roche Bobois and Waldorf Astoria sites.​

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